Scribd
Upload
76 views

Managing Benefits Introduction

The document summarizes the Managing Benefits guidance from APMG International, which provides a consolidated framework for optimizing benefits realization from change initiatives. It describes the Managing Benefits handbook, accredited training courses available globally through training organizations, and associated foundation and practitioner level certification. The guidance is intended to address challenges organizations face in demonstrating return on investment from changes.

Uploaded by

den sar
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
76 views

Managing Benefits Introduction

The document summarizes the Managing Benefits guidance from APMG International, which provides a consolidated framework for optimizing benefits realization from change initiatives. It describes the Managing Benefits handbook, accredited training courses available globally through training organizations, and associated foundation and practitioner level certification. The guidance is intended to address challenges organizations face in demonstrating return on investment from changes.

Uploaded by

den sar
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 18

apmg-international.

com
CHANGE, RISK & BENEFIT

Managing Benefits guidance,


training and certification
apmg-international.com 1
Managing Benefits consolidates existing guidance on
benefits management into one place, while expanding
on the specific practices and techniques aimed at
optimizing benefits realization.

Approved training courses available globally via APMG’s


network of accredited training organizations (ATOs).

Foundation and Practitioner level certification available.

apmg-international.com 2
Managing Benefits

Managing Benefits Approved Training Certification


Handbook via Accredited Training Foundation + Practitioner
Official guidance Organizations (ATOs)

Published by Accredited by APMG to Syllabus & exams


The Stationery Office offer approved training services developed by APMG

apmg-international.com 3
Background / Introduction

Organizations and governments invest in projects and programmes to realize


benefits in terms of:-

– Increased revenue
– Efficiency savings
– A tangible contribution to a strategic objective or business priority
– Meeting a legal or regulatory requirement or maintaining business as usual
– Maintaining business as usual

Reports from professional bodies, audit agencies and academic research


show that organizations, regardless of sector, continue to struggle in
demonstrating return on investments in change.

Significance of this is even greater in a volatile economic climate where


failure to optimize benefits realization may put future investments at risk.

apmg-international.com 4
Background / Introduction

Managing Benefits is guidance commissioned by APMG International that


aims to address this problem.

The Guide provides managers and practitioners from multiple disciplines,


working in a variety of industries and organizations, with generally applicable
guidance encompassing benefits management principles, practices and
techniques.

What was the overriding factor behind the decision to produce the Guide?

Benefits are not just one dimension of portfolio, programme and


project management; rather, they are the rationale for the
investment of taxpayers’ and shareholders’ funds in change
initiatives.

apmg-international.com 5
The Managing Benefits Guide provides:

❑ An overview of benefits management (what it is, the case


for doing it, and common misconceptions that can limit
its effectiveness)
❑ Descriptions of the seven principles upon which
successful approaches to benefits management are built,
and examples of how they can be / have been applied in
practice
❑ Guidance on how to apply benefits management at a
portfolio level, as well as at individual programme or
project levels
❑ Details of the five practices in the Benefits Management
Cycle and examples of how they can be / have been
applied in practice
❑ Advice on how to get started in implementing effective
benefits management practices and sustain progress

apmg-international.com 6
The Managing Benefits Guide

The Guide represents a ‘manifesto for change’ – change in


relation to the management and successful realization of benefits
from change initiatives. It can help organizations to move:

FROM – the ‘conspiracy of optimism’ in forecasting;


inconsistent initiative-level approaches to benefits
management; passive tracking against forecast; and
backward-looking accountability.

TO – an approach characterized by:


❖ Realism in planning based on benefits-led change initiatives,
within the context of clearly articulated (but often emergent)
strategy, consistent portfolio-wide and evidence-based
approaches, applied across the business change lifecycle.
❖ Enthusiasm in delivery based on an active search for value, on-
going participative stakeholder engagement, and managed with a
forward-looking perspective, based on transparency, insight,
learning and continuous improvement.

apmg-international.com 7
What’s in the Managing Benefits guide?

CHAPTERS
APPENDICES
Introduction

What is Benefits Management? A: Quantifying and Valuing Benefits –


Public Sector Considerations
The Benefits Management Principles
B: Benefits Management Documentation
The Benefits Management Cycle
C: Benefits Management Roles and Responsibilities
Practice 1: Identify & Quantify
D: Cognitive Biases Affecting Benefits Management
Practice 2: Value & Appraise
E: Benefits Management Skills and Competencies Log
Practice 3: Plan
F: Benefits Logic Map for Benefits Management
Practice 4: Realize
G: OGC Gateway Reviews –
Practice 5: Review Coverage of Benefits and Benefits Management
Portfolio-based Benefits Management H: P3M3 Benefits Management Assessment
Implementing and Sustaining Progress I: Managing Benefits Health-check Assessment
The Next Steps

apmg-international.com 8
Training and Certification

apmg-international.com 9
Managing Benefits Syllabus

Nine topic areas:-


❖ Overview
❖ Principles
❖ Identify & Quantify
❖ Value & Appraise
❖ Plan
❖ Realize
❖ Review
❖ Portfolio-based application
❖ Implement & Sustain

apmg-international.com 10
Managing Benefits Exams

FOUNDATION PRACTITIONER

Multiple-choice format Objective-testing format

50 questions 8 questions (10 marks each)

50% pass mark (25/50) 50% pass mark (40/80)

40 minutes 2.5 hours

Open-book
Closed-book
(Handbook permitted)

apmg-international.com 11
Training

Train / certify to Foundation level only or Foundation & Practitioner

Approved training courses available via APMG ATOs


(Accredited Training Organizations)

(RECOMMENDED)

APMG accredited processes, courseware and trainers.


ATOs offer a range of course options, from traditional tutor-lead to fully online.

Self-study is also an option.

apmg-international.com 12
Who is it for?
The guidance (and supporting qualifications) are aimed at those with a role in
ensuring optimal use of taxpayer and shareholder funds by maximizing the
benefits realized from change initiatives.

This multi-disciplinary group includes:-

Change leaders (e.g. senior responsible owners & directors of change);


Change initiators (e.g. strategic planners and policy leads);
Change appraisers and evaluators (e.g. business case developers and
project appraisers);
Change implementers/enablers (e.g. portfolio, programme & project
managers as well as Business Change Managers);
Change support staff (e.g. portfolio, programme & project office staff,
including Benefits Managers).

apmg-international.com 13
Benefits for the organization

Improved returns on investment from change initiatives as more


benefits are realised, from earlier, and are sustained for longer
Better use of available resources - so achieving more from less
Ability to demonstrate more efficient and effective practices
Provides a route map to adoption of more cost-effective techniques
and practices
Staff competence demonstrated
Enhanced ability to attract and retain motivated and skilled change
management staff
Enhanced confidence on the part of regulators and funding agencies
– so helping ensure continued funding for change.

apmg-international.com 14
Benefits – for the individual

Enhanced professional competence - the guide represents a ‘one-stop-


shop’ for advice on benefits management practices and techniques and how
to apply them
Suitable for benefits management professionals as well as those from
related disciplines and the wider Project and Programme Management
(PPM) community
Completion of accredited examinations enables individuals to demonstrate
their enhanced professional competence
A multi-disciplinary awareness – covering PPM, management accountancy,
behavioural finance, psychology, neuro-science, and systems thinking
An enjoyable read – and one which can guide further exploration of the
subject, including the sources listed and the associated ‘Community of
Interest’.

apmg-international.com 15
apmg-international.com 16
Find out more….

www.apmg-international.com/managing-benefits

apmg-international.com 17
You may also be interested in….

www.apmg-international.com/PPC www.apmg-international.com/AgilePM www.apmg-international.com/Stakeholder

apmg-international.com 18

You might also like